Tax DocsSeveral tax benefits are available to help families meet the cost of postsecondary education. These tax benefits are intended to help students and their parents fulfill a variety of educational objectives. Taxpayers can claim one or, in some cases, two tax credits for expenses they pay for postsecondary education for themselves and their dependent children. These tax credits can directly reduce the amount of federal income tax. The Hope Scholarship Credit is available on a per-student basis for the first two years of postsecondary education, while the Lifetime Learning Credit applies on a tax-return basis and covers a broader time frame and range of educational courses.
Certain information (1098T) that you will need to determine your eligibility for either of these credits must be provided by Emory University for each tax year. In addition, if you have paid any interest on a Campus Based or Emory Loan during the tax year, a 1098E form will also be generated.